Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications.
Intel said Sandra Rivera, an Intel veteran, will oversee the new unit, which will keep using Intel s factory to make its chips. Intel said it has started "an extensive internal and external search" to replace Rivera, who currently oversees the company s data center and artificial intelligence chip business that competes with Nvidia and Advanced Micro Devices .
ALBAWABA - In a bold move, the European Union (EU) Commission has once again wielded its regulatory power, this time hitting US chip giant Intel with a
Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition on time as required under the contract, the sources said, requesting anonymity ahead of an official announcement.
Intel Chief Executive Pat Gelsinger had said he was trying to get the Tower deal approved by Chinese regulators and had visited the country as recently as last month to meet with government officials.